Concept explainers
(a)
To find: The formula for the nth term of the geometric sequence that gives the value of the fleet
(a)
Answer to Problem 49CR
Therequired formula is
Explanation of Solution
Given:
The cost of 6 vans is
The depreciation rate is
Calculation:
Consider the first term and the common ratio of the sequence is,
The, formula for the nth term of the arithmetic sequence is,
Then,
(b)
To find: The depreciated value of the fleet at the end of 5 year.
(b)
Answer to Problem 49CR
The value at the end of the 5 years is
Explanation of Solution
Given:
The cost of 6 vans is
The depreciation rate is
Calculation:
Consider the formula for the model is,
Then, the value at the end of 5 years is,
Thus, the value at the end of the 5 years is
Chapter 8 Solutions
PRECALCULUS W/LIMITS:GRAPH.APPROACH(HS)
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